Friday, December 6, 2024
12.4 C
Los Angeles

FATF Monitoring: Countries Addressing Strategic Deficiencies

Jurisdictions under Increased Monitoring by the FATF Countries...

Former Peruvian President Alejandro Toledo Sentenced to 20+ Years in Odebrecht Bribery Scandal

Former Peruvian President Alejandro Toledo has been...

Ex-Mexican Security Chief Sentenced for Bribery and Aiding Sinaloa Cartel’s Drug Trafficking

Genaro Garcia Luna, Mexico's former Secretary of...

New York State Takes Bold Steps to Expand Legal Cannabis Market and Curb Illegal Sales

MRBNew York State Takes Bold Steps to Expand Legal Cannabis Market and Curb Illegal Sales

New York State is planning to expand its cannabis market and crack down on illegal sales. Governor Hochul has announced the availability of hundreds of licenses for growing, processing, distributing, and selling cannabis, with open applications until December 4.

The state acknowledges the need for improvement in launching its new cannabis industry and combating illegal operators. Governor Hochul is committed to working with all stakeholders to ensure a successful rollout. The focus is on shutting down illegal storefronts, safeguarding children’s health and safety, and supporting small businesses. The goal is to build an equitable adult-use cannabis industry that addresses past injustices and invests in communities.

On the enforcement side, the state has conducted 246 inspections since June 7, resulting in the seizure of over 8,500 pounds of illegal cannabis products valued at more than $42 million.

A partnership between the Office of Cannabis and the Attorney General’s Office aims to provide training to local municipalities on pursuing legal action to close illegal cannabis shops in state court.

New York has faced criticism for the slow rollout of cannabis licenses, with some regions lacking state-licensed dispensaries.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles